Crude Prices || Lion Oil, Inc. Crude Prices Effective 7:00 a m , on the date shown below, subject to change without notice, Lion Oil Company will pay to Producers the following prices per barrel of 42 U S gallons for merchantable oil delivered to its account into the facilities of its authorized receiving agency

Persian Gulf - WikipediaThe Persian Gulf and its coastal areas are the world's largest single source of crude oil, [citation needed] and related industries dominate the region Safaniya Oil Field, the world's largest offshore oilfield, is located in the Persian Gulf Large gas finds have also been made, with Qatar and Iran sharing a giant field across the territorial median line (North Field in the Qatari sector